assisting clients with budgets – Page 16

June 30, 2015March 8, 2016

Can You Read Your Balance Sheet?

Are you able to read and understand your balance sheet? “This is an easy question, isn’t it? Maybe not. You know the formula, Assets = Liabilities + Owner’s Equity. As long as it is in balance then everything is okay, right? Maybe not. It is important as a business owner you understand what the figures on your balance sheet are telling you.

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June 26, 2015March 8, 2016

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Basic Goals of Bookkeeping

What are your goals for your bookkeeping?

There are two basic goals in bookkeeping. Keeping track of your income and expenses so that you improve your chances of making a profit. Collecting the financial information so that you can file all the necessary tax returns to the federal, state and local taxing authorities.

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